2022 — Famous Trader Trusts Bitcoin and These Two Altcoins: Upside Down?

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A wide­ly fol­lowed cryp­tocur­ren­cy ana­lyst and trad­er has revealed that he expects three dig­i­tal assets to rise, includ­ing Bit­coin (BTC) and a promis­ing Ethereum (ETH) competitor.

The aliased trad­er Alt­coin Sher­pa has 173,800 Twit­ter fol­low­ers, start­ing with Bit­coin, his pre­dic­tions. report­ed. The ana­lyst said he believes BTC will rise close to 40% as the lead­ing cryp­tocur­ren­cy con­tin­ues to show bull­ish mar­ket struc­ture in the high­er timeframe.

“BTC: I still believe that Bit­coin has bot­tomed out and we will see a move to around $55,000. Alt­coins are like­ly to fol­low BTC. This is still tech­ni­cal­ly a high time­frame bull mar­ket struc­ture (with high­er highs and high­er lows).” 

Bitcoin chart

The next alt­coin on the analyst’s list is Near Pro­to­col (NEAR), a devel­op­er-focused blockchain designed for scal­a­bil­i­ty and sta­bil­i­ty. Alt­coin Sher­pa believes that its Ethereum rival will sur­pass its all-time high in the com­ing weeks.

“NEAR: I’m still on that and I think we’re going to break our all-time high in the next few weeks.”

NEAR Chart

Alt­coin Sher­pa also fol­lows close­ly the FTX Token (FTT), the util­i­ty token of the FTX cryp­tocur­ren­cy exchange. The cryp­to trad­er says that FTT has “sol­id” upside poten­tial after months of trad­ing in a wide range.

“FTT: As much as I love to den­i­grate this coin, it has floun­dered for five months and is incred­i­bly stuck. I think it looks pret­ty sol­id as a slow­er trade.”

FTT Chart

You can check the price move­ments here.

Dis­claimer: What is writ­ten here is not invest­ment advice. Cryp­tocur­ren­cy invest­ments are high-risk invest­ments. Every invest­ment deci­sion is under the individual’s own respon­si­bil­i­ty. Final­ly, Koin­Fi­nans and the author of this con­tent can­not be held respon­si­ble for per­son­al invest­ment decisions.

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